Arif Habib-Managed Globe Residency REIT Declares 40% Dividend for FY26
Globe Residency REIT (GRR) has announced a cash dividend of Rs. 4 per unit, equivalent to 40 percent, for the … Read More The post Arif Habib-Managed Globe Residency REIT Declares 40% Dividend for FY26 appeared first on ProPakistani .
Globe Residency REIT (GRR), managed by Arif Habib, has declared a dividend of Rs. 4 per unit, representing a 40% return, for the fiscal year ending June 30, 2026. As South Asia's pioneering listed developmental REIT, GRR boasts a track record of consecutive annual dividend announcements since its listing. This latest payout brings the REIT's cumulative distributions since listing to Rs.
12.25 per unit. Prior to this, GRR had previously distributed Rs. 3.50 per unit (35%) in FY25, Rs. 1.75 per unit (17.5%) in FY2024, and Rs. 3 per unit (30%) in FY23. The REIT made its debut on the Pakistan Stock Exchange in December 2022 at an offering price of Rs. 10 per unit, marking the nation's inaugural listed developmental REIT and the first of its kind in South Asia.
The underlying project, Globe Residency Apartments, encompasses nine residential towers situated within Naya Nazimabad, Karachi.
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